Crypto News

Chainalysis has integrated X Layer, a zero-knowledge Ethereum Layer 2 on Polygon, across its products, enabling comprehensive token support and risk management. (Read More)Source link

Tech investors love to pay for potential. GameFi tokens, with sky-high valuations divorced from current user numbers or revenues, embody this optimism perfectly — as CoinDesk investigated in 2022, Decentraland's then billion-dollar market cap didn't quite match the number of active players on the platform.But, surprisingly, distributed compute tokens don't seem to enjoy the same speculative premium even when compared to their Traditional Finance traded peers like CoreWeave (CRWV).CoinMarketCap says the category of tokens for decentralized networks that provide GPU power for AI and other compute workloads, which includes well-known tokens like BitTensor, Aethir, and Render, is worth $12 billion.At the same time, market data from research group MarketsandMarkets puts the value of the GPU as a service industry at...

A regulated crypto staking ETF is set to debut in the U.S., unlocking yield potential and paving the way for a new era of compliant digital asset investing. New ETF Combines SOL Exposure With Staking Income in Regulated Structure A yield-bearing crypto investment vehicle is about to make its debut in the regulated U.S. market,Source link

U.S. Senator Cynthia Lummis is seeking to slip a significant crypto tax measure into the massive budget bill that backs much of President Donald Trump's agenda, trying to reduce tax consequences stemming from fundamental cryptocurrency activities.Lummis sought on Monday to insert language into Congress' "Big Beautiful Bill" that would, among other things, waive taxes on small crypto transactions below $300 and would — in the industry's view — rationalize a tax approach that currently has people hit for taxes on both the front end and back end of activity at the heart of the sector's inner workings: staking and digital assets mining.The idea of making small transactions tax-free (capped at $5,000 in overall transactions each year) would eliminate much of...

Meta is throwing huge bucks to lure away top talent in the high-stakes AI race, prompting the company to give its employees the week off to cool down.Source link